Esma

ESMA PUBLISHES DRAFT REGULATORY TECHNICAL STANDARDS ON CHANGES TO CCPS’ ACTIVITIES AND MODELS

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Systemic risk, Finance, Agencies of the European Union, European Union, Money, Financial regulation, European Market Infrastructure Regulation, Central counterparty clearing, European Securities and Markets Authority, Esma, Regulation

The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).
  • Prior to making any significant change to its risk models or parameters, a CCP must also obtain validation from its competent authority and ESMA (Article 49).
  • The European System of Central Banks, the European Banking Authority and other relevant authorities have contributed to the drafting of the RTS.
  • ESMA submits the draft RTS to the European Commission for endorsement, following which the Commission Delegated Regulation will be subject to the non-objection of the European Parliament and the Council.

ESMA makes recommendations for Organised Trading Facilities under MiFID II/MiFIR

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Feminine given names, Finance, Financial regulation, Directive 2014/65/EU, European Union, Systemic risk, European Securities and Markets Authority, Esma, RSRCHXchange

08 April 2021

Key Points: 
  • 08 April 2021

    MiFID - Investor Protection

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its Final Report on the functioning of Organised Trading Facilities (OTFs).

  • The report contains recommendations and possible amendments to MiFID II/MiFIR with a view to reducing the level of complexity for market participants and making the legal framework more effective.
  • While some proposals can be implemented by ESMA directly by publishing ESMA guidance, other recommendations are addressed to the European Commission (EC).
  • In this context, ESMA puts forward a two-step approach aiming at clarifying the trading venue perimeter.

VOX Network Solutions Named To The 2021 Elite 150 In CRN® MSP 500 List

Retrieved on: 
Tuesday, April 6, 2021
Feminine given names, Given names, Securities Financing Transactions Regulation, Vox, European Securities and Markets Authority, Esma, The Channel Company

BRISBANE, Calif., April 6, 2021 /PRNewswire/ -- VOX Network Solutions (VOX) announced today that CRN, a brand of The Channel Company, has named VOX Network Solutions, a leading IT solutions and managed service provider, to the Elite 150 category in its 2021 Managed Service Provider (MSP) 500 list.

Key Points: 
  • BRISBANE, Calif., April 6, 2021 /PRNewswire/ -- VOX Network Solutions (VOX) announced today that CRN, a brand of The Channel Company, has named VOX Network Solutions, a leading IT solutions and managed service provider, to the Elite 150 category in its 2021 Managed Service Provider (MSP) 500 list.
  • CRN once again recognizes VOX for their extensive managed services portfolio, with achievements in both the Enterprise and Midmarket spaces.
  • This is the 3rd consecutive appearance VOX has made in CRN's MSP 500 List, and 4th overall.
  • "We are proud to be named in the CRN MSP 500, Elite 150 category.

Anneli Tuominen to act as Interim Chair of ESMA

Retrieved on: 
Thursday, April 1, 2021
Feminine given names, Given names, Agencies of the European Union, European Union, Government agencies, Esma, European Securities and Markets Authority

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has appointed Anneli Tuominen, current ESMA Vice-Chair and Director-General at the FIN-FSA, to act as Interim Chair until the next Chair takes office.

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has appointed Anneli Tuominen, current ESMA Vice-Chair and Director-General at the FIN-FSA, to act as Interim Chair until the next Chair takes office.
  • This is effective from 1 April 2021.
  • Steven Maijoors second 5 year mandate as Chair came to an end on 31 March 2021.
  • ESMA, in line with the ESMA Regulation, submitted on 26 November 2020the shortlisted candidates for the position of Chair to the Council of the European Union to appoint the next Chair after confirmation by the European Parliament.

Royal Coal Announces Termination of Proposed Transaction with Climb Credit

Retrieved on: 
Wednesday, March 31, 2021
Feminine given names, Financial markets, Financial regulation, Given names, Corporate law, European Market Infrastructure Regulation, Systemic risk, European Securities and Markets Authority, Esma, United States Securities Regulation

This news release contains certain "forward-looking information" within the meaning of applicable securities law.

Key Points: 
  • This news release contains certain "forward-looking information" within the meaning of applicable securities law.
  • Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur.
  • The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law.
  • The reader is cautioned not to place undue reliance on forward-looking information.

ESMA updates EMIR Q&As

Retrieved on: 
Thursday, April 1, 2021
Financial regulation, Financial markets, Feminine given names, Corporate law, European Market Infrastructure Regulation, Systemic risk, Finance, Agencies of the European Union, European Union, Trade Repository, European Securities and Markets Authority, Esma

31 March 2021

Key Points: 
  • 31 March 2021

    Post Trading

    Supervisory convergence

    Trade Repositories

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today updated itsQuestions and Answersdocument on practical questions regarding reporting issues under the European Markets Infrastructure Regulation (EMIR).

  • This Q&A document aims to ensure that the supervisory activities of the competent authorities under the Regulation converge along the lines of the responses adopted by ESMA.
  • It should also help investors and other market participants by providing clarity on EMIR requirements.
  • The updated Trade Repository (TR) Q&A 51 provides further clarifications on two aspects related to intragroup transactions (IGT) reporting exemption:

    The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of EMIR.

Anneli Tuominen to act as Interim Chair of ESMA

Retrieved on: 
Thursday, April 1, 2021
Feminine given names, Given names, Agencies of the European Union, European Union, Government agencies, Esma, European Securities and Markets Authority

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has appointed Anneli Tuominen, current ESMA Vice-Chair and Director-General at the FIN-FSA, to act as Interim Chair until the next Chair takes office.

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has appointed Anneli Tuominen, current ESMA Vice-Chair and Director-General at the FIN-FSA, to act as Interim Chair until the next Chair takes office.
  • This is effective from 1 April 2021.
  • Steven Maijoors second 5 year mandate as Chair came to an end on 31 March 2021.
  • ESMA, in line with the ESMA Regulation, submitted on 26 November 2020the shortlisted candidates for the position of Chair to the Council of the European Union to appoint the next Chair after confirmation by the European Parliament.

ESMA promotes coordinated action on the suspension of best execution reports

Retrieved on: 
Wednesday, March 31, 2021
Feminine given names, Financial markets, Financial regulation, Finance, Systemic risk, European Union, European Securities and Markets Authority, Directive 2014/65/EU, Esma

31 March 2021

Key Points: 
  • 31 March 2021

    MiFID - Investor Protection

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, is issuing aPublic Statementto promote coordinated action by National Competent Authorities (NCAs) under MiFID II.

  • The statement relates to the temporary suspension of the obligation on execution venues to make available to the public data related to the quality of execution of transactions on their venues (RTS 27 Reports).
  • ESMA therefore publishes this statement to provide clarity on the application date of the suspension.
  • Moreover, in light of the rationale of the suspension, ESMA expects NCAs not to prioritise supervisory actions towards execution venues relating to the obligation to publish the RTS 27 reports, until the date on which the national transposition measures apply.

ESMA UPDATES CSDR Q&AS

Retrieved on: 
Wednesday, March 31, 2021
Feminine given names, Given names, CSDR, Esma

The revised ESMA Regulation (Article 16b(5)) specifies that ESMA transfers queries which interpret Union law to the European Commission (EC).

Key Points: 
  • The revised ESMA Regulation (Article 16b(5)) specifies that ESMA transfers queries which interpret Union law to the European Commission (EC).
  • The latest Q&As on the CSDR contain answers provided by the EC that relate to:

    Background

    Q&As are an important tool to promote common supervisory approaches and practices in the application of CSDR.

  • This document is aimed at national competent authorities under the CSDR to ensure that, in their supervisory activities, their actions are converging along the lines of the responses published by ESMA.
  • Next steps

    ESMA will continue to publish Q&As on the CSDR and will review and update them where required.

ESMA promotes coordinated action on the suspension of best execution reports

Retrieved on: 
Wednesday, March 31, 2021
Feminine given names, Financial markets, Financial regulation, Finance, Systemic risk, European Union, European Securities and Markets Authority, Directive 2014/65/EU, Esma

31 March 2021

Key Points: 
  • 31 March 2021

    MiFID - Investor Protection

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, is issuing aPublic Statementto promote coordinated action by National Competent Authorities (NCAs) under MiFID II.

  • The statement relates to the temporary suspension of the obligation on execution venues to make available to the public data related to the quality of execution of transactions on their venues (RTS 27 Reports).
  • ESMA therefore publishes this statement to provide clarity on the application date of the suspension.
  • Moreover, in light of the rationale of the suspension, ESMA expects NCAs not to prioritise supervisory actions towards execution venues relating to the obligation to publish the RTS 27 reports, until the date on which the national transposition measures apply.